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A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
Request price quotation or RPQ is a long-standing IBM designation for a product or component that is potentially available, but that is not on the "standard" price list. [ 1 ] [ 2 ] Typical RPQ offerings are custom interfaces, hardware modifications, research or experimental systems, or variable-cost items.
A request for quotation (RFQ) is used when discussions with bidders are not required (mainly when the specifications of a product or service are already known) and when price is the main or only factor in selecting the successful bidder. An RFQ may also be used prior to issuing a full-blown RFP to determine general price ranges.
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
A request for information (RFI) is a common business process whose purpose is to collect written information about the capabilities of various suppliers. [1] Normally it follows a format that can be used for comparative purposes. An RFI is primarily used to gather information to help make a decision on what steps to take next.
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TemplateData for Request quotation. The template is used to request a direct quote from the cited source, so that it can be verified that the information in the ...
TemplateData for Request quotation. The template is used to request a direct quote from the cited source, so that it can be verified that the information in the ...
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